April 26, 2024

Pkrevenue.com

Pakistan Revenue

Day: October 15, 2021

Stocks gain 488 points on positive sentiments
Oct 15
Stock & Commodity

Stocks gain 488 points on positive sentiments

KARACHI: Stock market gained 488 points on Friday owing to positive sentiments prevailed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,822 points as compared with previous day’s closing of 44,334 points. Analysts at Topline Securities said that KSE-100 Index extended its gain as the index gained to close […]

by
Read More
Rate of dividend tax for Tax Year 2022
Oct 15
Taxation

Rate of dividend tax for Tax Year 2022

The tax rates for dividend tax imposed under section 5 of the Income Tax Ordinance, 2001 for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of dividend […]

by
Read More
KIBOR rates on October 15, 2021
Oct 15
Money & Banking

KIBOR rates on October 15, 2021

KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 15, 2021.  Tenor BID OFFER 1 – Week 7.21 7.71 2 – Week 7.25 7.75 1 – Month 7.29 7.79 3 – Month 7.71 7.96 6 – Month 8.10 8.35 9 – Month 8.38 8.88 1 – Year 8.60 9.10

by
Read More
Digital payment facility made must for corporate clients State Bank of Pakistan
Oct 15
Money & Banking

Digital payment facility made must for corporate clients

KARACHI: The State Bank of Pakistan (SBP) has made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments. Ina statement issued on Friday, the central bank said […]

by
Read More
Indenters not paying tax despite rate reduction: SRB
Oct 15
Taxation

Indenters not paying tax despite rate reduction: SRB

KARACHI: Khalid Mehmood, Chairman, Sindh Revenue Board (SRB) on Friday said that many indenters are still not paying tax and opted to approach court. SRB chairman stated this while sharing views with the members of Karachi Chamber of Commerce and Industry (KCCI). Khalid Mehmood said that sincere efforts were made to resolve the indenters issue […]

by
Read More
Dollar retreats from all time high against PKR
Oct 15
Money & Banking

Dollar retreats from all time high against PKR

KARACHI: The US dollar lost two paisas against the Pak Rupee (PKR) on Friday amid external payment demand. The rupee ended at Rs171.18 to the dollar from previous day’s closing of Rs171.20 in the interbank foreign exchange market. The dollar recorded all time high at Rs171.20 a day earlier. Currency experts said that high international […]

by
Read More
Bank holiday announced State Bank of Pakistan
Oct 15
Money & Banking

Bank holiday announced

KARACHI: State Bank of Pakistan (SBP) on Friday announced that banks shall remain closed on October 19, 2021 on the occasion of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam). In a statement, the central bank said that it will remain closed on Tuesday, October 19, 2021 (i.e. 12th Rabi-ul-Awal, 1443 A.H.) on the occasion of Eid Milad-un-Nabi […]

by
Read More